On cancelling licence of management company

On 9 April 2015, the Bank of Russia took a decision to cancel licence No. 21-000-1-00860 dated 2 February 2012 to act as a management company of investment funds, unit investment funds and non-governmental pension funds issued to the closed joint-stock company DA Capital (hereinafter, the Company) by the Federal Financial Markets Service due to the repeated violations of the requirements stipulated by the laws of the Russian Federation on investment funds.

The Company repeatedly within a year:

• failed to comply with the Bank of Russia’s orders;
• had more than 15 working days’ delay in reporting as stipulated by federal laws and regulations of the Russian Federation, the Bank of Russia regulations;
• failed to meet the disclosure requirements as stipulated by federal laws and regulations of the Russian Federation, including the Bank of Russia regulations, while acting as a licenced management company of investment funds, unit investment funds and non-governmental pension funds.

The reference to the Press Service is mandatory if you intend to use this material.

09.04.2015 00.00.00